March 2005
Lawyer;3/7/2005, Vol. 19 Issue 9, p3
Trade Publication
This article focuses on the law firm financial management. While Peter Crossley wages a heroic battle to take control of his firm's wayward finances, other firms have also recognized the merits of going back to basics. Clifford Chance's decision in January to abandon its $150 million private placement in order to return to a more traditional financial strategy, was the first sign of this flinty realism. The financial performance of other law firms show that the key issue in changing a law firm's financial status is to get buy-in internally.


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